Pre-Paid iPhone Available for Some? [Updated]

The most interesting portion of the report is an excerpt describing the credit-check process.

For customers that choose not to run the Pre-Approved credit check in the store, they will go through a credit check during the iTunes activation process. However, this is not the preferred method because customers that require a deposit and or require an analyst review will be presented with one of the following options:
- choose Pick Your Plan
- pay the deposit, requiring a return trip to the store
- return product, requiring a 10% re-stocking fee.

Later they specify that "customers will only be offered GoPhone Pick Your Plan [as an option] if the credit check results in a deposit requirement".

With Pick Your Plan, you establish monthly automatic payments for service and use the balance on your account for voice minutes or other features. It's that easy.

Update: For those hoping to somehow take advantage of a "contract-less" iPhone plan, it appears the Pick Your Plan deals are significantly worse (more expensive for the minutes) than the existing plans.

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